The Outdoor Fire Pits market is experiencing significant growth owing to the rising demand and consumer expenditure on outdoor fire pits is significantly contributing the market growth. Rising consumer expenditure on creating a pleasant outdoor ambiance in both developed and developing countries is expected to boost the sale of fire pits at the global level.
Some of the factors that are expected to have a positive impact on segment growth include the availability of a diverse range of products offered by various brands, as well as the ability to compare prices and product attributes.
On the other hand, the high cost of gas fire table is likely to hamper the global Outdoor Fire Pits market during the forecast period.
Covid-19 Impact on Outdoor Fire Pits Market:
The intensity of COVID-19 impact on the construction and manufacturing sector is immense compared to other sectors. With the immediate actions taken to curb the spread of the infection, restrictions were imposed on manufacturing, personnel transport, and construction activities. These restrictions caused huge losses to the sector. As most construction sites in many countries shut down and many sites that reopened have faced disrupted supply chains and operational restrictions. A recently published stats show the overall construction and manufacturing industry is about to drop by 15 to 35% which is going to directly affect nations GDP.
Outdoor Fire Pits Market Segment Overview
Based on Type, the market is segmented into Wood Burning Fire Pits, Propane Fire Pits, Gel Fuel Fire Pits, and Natural Gas Fire Pits. The wood burning fire pits segment is expected to dominate the global market in 2020. Natural Gas Fire Pits segment is expected to grow at the highest CAGR over the forecast period of 2020-2027.
Based on application, the global Outdoor Fire Pits market is segmented into Home use, and Commercial. In 2019, the home use segment accounted for the highest market share and also expected to grow at the highest CAGR over the forecast period of 2020-2027.
Market Analysis, Insights, and Forecast – By Type
· Wood Burning Fire Pits
· Propane Fire Pits
· Gel Fuel Fire Pits
· Natural Gas Fire Pits
Market Analysis, Insights, and Forecast – By Application
· Home use
· Commercial
Outdoor Fire Pits Market Regional Overview
The regional analysis includes the adoption of outdoor fire pits products across North America, Europe, Asia-Pacific (APAC), Latin America Middle East & Africa (MEA). North America holds the highest market share in the global outdoor fire pits market in 2020. Asia-Pacific is expected to grow at the highest CAGR in the global Outdoor Fire Pits market over the forecast period of 2020-2027. Asia Pacific outdoor fire pits market is having an increasing demand and progressing trend for many end-use applications. Furthermore, increasing demand for fire pits for home use majorly drives market expansion. Rapid growth of population, along with rising industries and increase in disposable income, has increased the consumption of consumer & home appliances in the Asia Pacific region.
Outdoor Fire Pits Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Outdoor Fire Pits Market Competitor overview
Some key developments and strategies adopted by manufacturers in Outdoor Fire Pits are highlighted below.
· In January 2021, HPC Fire Inspired™ expanded to larger building. This new building will allow company to handle the growing backlog and demands of customers, under one roof. By maximizing the new location’s operations layout, the company will be able to streamline and be as efficient as possible.
Outdoor Fire Pits Market, Key Players
· Hearth Products Controls Company (HPC)
· Warming Trends
· Designing Fire
· Buck Stove
· Galaxy Outdoor
· FirepitsUK
· American Fire Glass
· Acucraft
· Iron Embers
· Woodbridge Fireplace
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Outdoor Fire Pits Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Wood Burning Fire Pits
- 5.2.2. Propane Fire Pits
- 5.2.3. Gel Fuel Fire Pits
- 5.2.4. Natural Gas Fire Pits
- 5.3. Market Analysis, Insights, and Forecast – By Application
- 5.3.1. Home use
- 5.3.2. Commercial
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America Outdoor Fire Pits Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Wood Burning Fire Pits
- 6.2.2. Propane Fire Pits
- 6.2.3. Gel Fuel Fire Pits
- 6.2.4. Natural Gas Fire Pits
- 6.3. Market Analysis, Insights, and Forecast – By Application
- 6.3.1. Home use
- 6.3.2. Commercial
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Outdoor Fire Pits Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Wood Burning Fire Pits
- 7.2.2. Propane Fire Pits
- 7.2.3. Gel Fuel Fire Pits
- 7.2.4. Natural Gas Fire Pits
- 7.3. Market Analysis, Insights, and Forecast – By Application
- 7.3.1. Home use
- 7.3.2. Commercial
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Outdoor Fire Pits Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Wood Burning Fire Pits
- 8.2.2. Propane Fire Pits
- 8.2.3. Gel Fuel Fire Pits
- 8.2.4. Natural Gas Fire Pits
- 8.3. Market Analysis, Insights, and Forecast – By Application
- 8.3.1. Home use
- 8.3.2. Commercial
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Outdoor Fire Pits Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Wood Burning Fire Pits
- 9.2.2. Propane Fire Pits
- 9.2.3. Gel Fuel Fire Pits
- 9.2.4. Natural Gas Fire Pits
- 9.3. Market Analysis, Insights, and Forecast – By Application
- 9.3.1. Home use
- 9.3.2. Commercial
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Hearth Products Controls Company (HPC)
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Warming Trends
- 10.6. Designing Fire
- 10.7. Buck Stove
- 10.8. Galaxy Outdoor
- 10.9. FirepitsUK
- 10.10. American Fire Glass
- 10.11. Acucraft
- 10.12. Iron Embers
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
